AT&T Inc. $T Shares Purchased by DMC Group LLC

DMC Group LLC raised its stake in shares of AT&T Inc. (NYSE:T) by 5.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,710 shares of the technology company’s stock after buying an additional 1,661 shares during the quarter. DMC Group LLC’s holdings in AT&T were worth $1,005,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. David J Yvars Group lifted its stake in shares of AT&T by 2.8% during the 2nd quarter. David J Yvars Group now owns 13,884 shares of the technology company’s stock worth $402,000 after purchasing an additional 372 shares during the period. AllSquare Wealth Management LLC raised its position in shares of AT&T by 7.1% in the 1st quarter. AllSquare Wealth Management LLC now owns 5,704 shares of the technology company’s stock worth $161,000 after buying an additional 378 shares during the period. Barnes Wealth Management Group Inc raised its position in AT&T by 2.6% in the first quarter. Barnes Wealth Management Group Inc now owns 15,027 shares of the technology company’s stock valued at $425,000 after purchasing an additional 380 shares during the period. Kathmere Capital Management LLC grew its stake in shares of AT&T by 0.8% during the second quarter. Kathmere Capital Management LLC now owns 50,802 shares of the technology company’s stock valued at $1,470,000 after acquiring an additional 381 shares in the last quarter. Finally, James J. Burns & Company LLC grew its stake in shares of AT&T by 1.0% during the second quarter. James J. Burns & Company LLC now owns 40,362 shares of the technology company’s stock valued at $1,168,000 after acquiring an additional 383 shares in the last quarter. Institutional investors and hedge funds own 57.10% of the company’s stock.

Analyst Ratings Changes

T has been the topic of a number of recent research reports. UBS Group set a $33.00 target price on shares of AT&T in a report on Thursday, September 18th. Wells Fargo & Company boosted their price target on shares of AT&T from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Weiss Ratings reissued a “buy (b)” rating on shares of AT&T in a research report on Saturday, September 27th. JPMorgan Chase & Co. lifted their target price on shares of AT&T from $31.00 to $33.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Finally, Sanford C. Bernstein increased their price target on shares of AT&T from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, AT&T has an average rating of “Moderate Buy” and an average target price of $30.75.

AT&T Stock Up 1.0%

Shares of T stock opened at $26.13 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.01. AT&T Inc. has a 1 year low of $21.05 and a 1 year high of $29.79. The firm’s fifty day moving average price is $28.54 and its two-hundred day moving average price is $27.91. The firm has a market capitalization of $186.85 billion, a P/E ratio of 14.85, a PEG ratio of 3.31 and a beta of 0.42.

AT&T (NYSE:T) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. AT&T had a net margin of 10.29% and a return on equity of 13.36%. The firm had revenue of $30.85 billion for the quarter, compared to analyst estimates of $30.44 billion. During the same period in the previous year, the business earned $0.51 EPS. The company’s revenue was up 3.4% compared to the same quarter last year. On average, equities analysts predict that AT&T Inc. will post 2.14 EPS for the current fiscal year.

AT&T Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Friday, October 10th will be issued a $0.2775 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.11 dividend on an annualized basis and a yield of 4.2%. AT&T’s payout ratio is currently 63.07%.

About AT&T

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.